Updated Oct 29, 2024
Boroughs Islamic Society Acquires Property At 6 Bellows Rd Westborough For $1.7M With Representatives Marci Alvarado And Jim Conviser
6 Bellows Rd, Westborough, MA, 01581
$1,700,000
Building Size
—
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The property located at 6 Bellows Rd, Westborough, MA, has been sold for a transaction amount of $1,700,000. The asset is a single-story building measuring 5,700 square feet and sits on approximately 1.57 acres of land. The property was previously occupied by Cadence Academy Preschool.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $1,700,000.00
- Address: 6 Bellows Rd, Westborough, MA, 01581
- Market: Westborough
- Buyer: Boroughs Islamic Society
- Seller: Realty Income Corporation
- Buyer's Representative: Marci Alvarado-SVN
- Seller's Representative: Jim Conviser-Conviser Property Group
Marci Alvarado, representing the Boroughs Islamic Society, played a key role in facilitating the acquisition, noting that this property is ideally located for the members' needs. Jim Conviser represented Realty Income Corporation in this transaction.
On the Map
$1,700,000
Retail
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Players
Westborough Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93